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United Microelectronics Corporation (UMC) Dips More Than Broader Markets: What You Should Know
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United Microelectronics Corporation (UMC - Free Report) closed the most recent trading day at $11.64, moving -0.51% from the previous trading session. This change lagged the S&P 500's daily loss of 0.3%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.2%.
Prior to today's trading, shares of the company had lost 4.33% over the past month. This has lagged the Computer and Technology sector's gain of 0.63% and the S&P 500's gain of 3.11% in that time.
Investors will be hoping for strength from United Microelectronics Corporation as it approaches its next earnings release. In that report, analysts expect United Microelectronics Corporation to post earnings of $0.22 per share. This would mark year-over-year growth of 37.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.07 billion, up 30.28% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.81 per share and revenue of $7.77 billion, which would represent changes of +92.86% and +28.93%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for United Microelectronics Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. United Microelectronics Corporation is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that United Microelectronics Corporation has a Forward P/E ratio of 14.44 right now. This valuation marks a discount compared to its industry's average Forward P/E of 25.46.
Meanwhile, UMC's PEG ratio is currently 0.51. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Semiconductors was holding an average PEG ratio of 1.79 at yesterday's closing price.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 65, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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United Microelectronics Corporation (UMC) Dips More Than Broader Markets: What You Should Know
United Microelectronics Corporation (UMC - Free Report) closed the most recent trading day at $11.64, moving -0.51% from the previous trading session. This change lagged the S&P 500's daily loss of 0.3%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.2%.
Prior to today's trading, shares of the company had lost 4.33% over the past month. This has lagged the Computer and Technology sector's gain of 0.63% and the S&P 500's gain of 3.11% in that time.
Investors will be hoping for strength from United Microelectronics Corporation as it approaches its next earnings release. In that report, analysts expect United Microelectronics Corporation to post earnings of $0.22 per share. This would mark year-over-year growth of 37.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.07 billion, up 30.28% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.81 per share and revenue of $7.77 billion, which would represent changes of +92.86% and +28.93%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for United Microelectronics Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. United Microelectronics Corporation is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that United Microelectronics Corporation has a Forward P/E ratio of 14.44 right now. This valuation marks a discount compared to its industry's average Forward P/E of 25.46.
Meanwhile, UMC's PEG ratio is currently 0.51. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Semiconductors was holding an average PEG ratio of 1.79 at yesterday's closing price.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 65, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.